Citigroup Global Markets Holdings Inc Stock Analysis
Technical stock analysis for 22 January 2019
Citigroup Global Markets Holdings Inc gained 5.37% in the last trading day, rising from $9.49 to $10.00 The price has fallen in 6 of the last 10 days and is down by -24.13% for this period. Volume fell in the last day by -2.92 million shares, and in total, 6.53 million shares bought and sold for approximately $65.29 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the DWT stock was $10.00. This is 5.37% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 5.85% from a day low at $9.91 to a day high of $10.49.
30 day high of the DWT stock price was $19.46 and low was $9.40.
90 day high was $19.46 and low was $6.36.
52 week high for the Citigroup Global Markets Holdings Inc - $19.46 and low - $4.53.
Citigroup Global Markets Holdings Inc lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $9.59 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 39.4% during the next 3 months and, with 90% probability hold a price between $13.37 and $29.58 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Citigroup Global Markets Holdings Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $10.40 and $13.34. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $9.49 and $8.87.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Citigroup Global Markets Holdings Inc finds support just below today's level at $9.49. If this is broken, then the next support from accumulated volume will be at $8.87 and $7.71.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.58 between high and low, or 5.85%. For the last week, the stock has had a daily average volatility of 7.47%.
Citigroup Global Markets Holdings Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $9.33 (-6.73%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from pivot bottom found 1 days ago.)
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Citigroup Global Markets Holdings Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.